Sensex up 400 Pts on Moddy’s , Stock to Watch out today 17 November 2017

sensex high Indian stock markets have opened the day on a strong note on Friday on positive global cues. The BSE Sensex surged 377.48 points to 33,483.30, while the NSE Nifty50 gained 117.75 points to 10,332.50 at 10:45 hours. The markets are risen higher by the banking stocks, which rose by 1.7% on back of Moody’s report on upgrade of Indian Govt bond rating. Punjab National Bank, ICICI Bank, Bank of Baroda, State Bank of India were gaining in the morning hours.

Following companies, among others, will be in focus today during trade based on recent and latest news developments.

FMCG companies’ stocks in focus today as the govt has approved setting up of the proposed National Anti-profiteering Authority under GST to ensure consumers get the advantage of lower taxes under the new indirect tax implementation.

Bank of Baroda: BoB said the Finance Committee of the board will meet next week to consider approving its proposal to raise Rs. 6,000 crore via Qualified Institutional placement or rights issue.
Bharti Airtel: Fair trade regulator Competition Commission of India has approved Bharti Airtel’s deal to take over the loss-making consumer mobile business of the Tata Group.

Among the companies which are scheduled to report their quarterly earnings today include JMT Auto, Kalyani Forge, Sadbhav Infra, S Chand & Company Ltd, Mayur Uniquoters.

Sensex Nifty Rising Up, Stocks to look out for on November 16

Sensex Nifty up Key benchmark indices opened marginally higher on Thursday with the BSE Sensex rising over 183 points at 32944 levels, while the NSE Nifty 50 rose 45 points to 10,163 levels at 10.30 am today. The shares of Tata Motors, Reliance Industries Ltd, and L&T rose in the morning hours, whereas the shares of Coal India and Adani Ports fell. Reliance group shares fell, which includes Reliance Communications, Reliance Naval & Engineering, and Reliance Capital.

Stocks to look out: 5Paisa Capital will make its debut on the Exchange on November 16.  5Paisa Capital is an online financial service provider company is belonging to IIFL Group.  It is expected the company to list between Rs 180 and Rs 200 per share, which will value it at Rs 250 cr, approx. IIFL’s Mcap was Rs 19,000 crore on Tuesday. 

FMCG stocks are in focus as no GST will be levied on advances taken by FMCG companies from dealers before supply of goods. 

Gujarat State Finance Corpn Limited will be announcing its Q2 results for FY18 on today, and the stock will be watched out.  

Royal Orchid Hotels Limited has announced that it will be launching a new Royal Orchid hotel in Kanpur; and its stock will be watched out today.

RBL Bank Limited has informed the Exchanges on Wednesday that it has acquired additional 2.08%stake in Swadhaar FinServe Private Limited, whereby increased its shareholding in Swadhaar to 60.48%. The stock will be in focus today.

Sensex opens below 33,000, Stock Trading news and Calls on 15 November 2017

stock advisory companyThe key benchmark indices extended losses with Sensex lost 125 points to hit the day’s low of 32,816 levels while the NSE Nifty dropped 44 points to mark a day’s low of 10,142.55 at 10.45 hours on Wednesday.

Sun Pharma was the biggest loser on Sensex after the company reported a decline of 59.19% in the consolidated net profit to Rs 912.12 cr for the quarter ended on 30 Sept 2017 YoY basis.

Earnings Reports: GAIL (India)’s net profit rose 41.6% to Rs. 1309.63 Cr on 4.5% growth in net sales to Rs. 12409.65 Cr in Q2 Sept 2017 on YoY basis.

Bank of Baroda’s net profit fell 35.64% to Rs. 355.36 Cr on 3.68% rise in total income to Rs. 12490.39 Cr in Q2 Sept 2017 YoY.

Indiabulls Real Estate’s consolidated net profit fell 30.28% to Rs. 93.90 Cr on 1.54% rise in net sales to Rs. 721.58 Cr in Q2 Sept 2017 year on year.

NBCC (India)’s consolidated net profit rose 31.33% to Rs. 81.24 Cr on 12.07% fall in net sales to Rs. 1,319.25 Cr in Q2 Sept 2017 YoY.

The major companies which are lined up to announce their Q2 earnings are New India Assurance Company, CARE Ratings, Golden Tobacco, TD Power Systems, Digjam, Empee Distilleries, Automotive Axles, HMT and Universal Cables, among others.

Sensex Nifty Gain, Index trend and Stock in Action on Wednesday

Sensex Nifty up Sensex and Nifty take cues from the positive US markets to trade on a positive note with BSE Sensex trading at 33,402 levels, up by 32 points, while NSE Nifty is trading at 10,357 levels, up by 7 points at 10.40 am on Wednesday. Pharma Sector gains strong footing with positive Q2 earnings from many companies. IT stocks trading higher with TCS, Wipro Ltd, Infosys Ltd, Tech Mahindra and HCL Technologies in the morning hours.

Quarterly Results:- Voltas Ltd, Ashok Leyland, Arvind Ltd, United Bank Limited, OBC, Bharat Forge, Petronet LNG, Balkrishna Industries, Gujarat Narmada Valley Fertilizers & Chemicals, IRB Infra, NDTV, Muthoot Finance and Thermax are scheduled to release their quarterly earnings for the Sept quarter on Wednesday.

Stock in Actions:- AkzoNobel India has said it will sell its specialty chemicals biz as a going concern to an affiliate of the AkzoNobel Group-NV Netharlands for Rs 320 crore. 

Larsen & Toubro (L&T): Schneider Electric SE, the French industrial multinational together with its consortium partner Temasek, has in business with L&T to acquire its electric and automation division for Rs 15,000-Rs 17,000 cr.

Glaxo Smith Kline has reported 4.73% rise in net profit at Rs.192.41 cr for the Q2 ended Sept 30, 2017-18. The company had posted net profit of Rs .183.72 cr in the same period of previous year.
Reliance Communications is re-negotiating its deal with Canadian investment fund Brookfield along with other prospective buyers for a stake in its tower unit.

Telecom stocks will be in focus as the TRAI is considering removal of the 50% limit on spectrum holdings within a particular band. This would help Vodafone and Idea retain all their airwaves once the merger is completed.

Stock Tips- Market Weekly Reports 23 Oct – 27 Oct

stock market weekly reportsMarket registered stellar gains in the week ended Friday, 27 Oct 2017. The BSE Sensex and the NSE Nifty index scaled record highs on the govt’s booster steps to the economy through capitalization of PSU banks with a view to support credit growth and job opportunities. The recapitalization plan pushed the Bank Nifty higher, but the index failed to make a new life high. On the other side, the Nifty index kept hitting new life-highs during the week.

The Sensex posted its largest weekly move since March 19. The index of 30 blue chip stocks gained 767 points during the week after the govt introduced a stimulus package, including a plan of Rs 2.11 lakh crore to recapitalize state-owned banks and a Rs 7.00 lakh-crore plan to build new roads.

On Friday, the Sensex gained for a fifth consecutive day, led by industrial stocks and health care stocks, while traders raised bullish bets in November derivatives series, which started Friday. The rollover rate in the Nifty October futures, was ceased on Thursday, which was 73%, in comparison with 3-month average of 65% on expiry, as per data.

For the coming week, Q2 financial corporate earnings and cues from global front will be closely watched by the market players.